Bush was suspended at the morning show two days after contents of the 2005 tape were reported on October 7. NBC and Bush’s representatives had been negotiating terms of his exit before Monday’s announcement.

On the tape, Bush is heard laughing as Trump talks about fame enabling him to grope and try to have sex with women not his wife.

Bush later said he was “embarrassed and ashamed.” Trump has since denied groping women.

Bush had been at “Today” for two months. He’s the nephew of Republican former President George H.W. Bush.